Government seeks merger of £5bn DC schemes

Consolidation drive comes alongside confirmation of charge cap changes

James Phillips
clock • 3 min read

Defined contribution (DC) schemes with less than £100m in assets will be required to “justify their continued existence”, with schemes of up to £5bn in assets and potentially higher within the government's scopes.

In two consultation responses and a new call for evidence both published today (21 June), the Department for Work and Pensions (DWP) said it would press ahead with regulations to require small sub-...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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